Pensioners in Milton Keynes are meeting to discuss the impact of the budget on pensions and savings.
In his recent budget statement the Chancellor, George Osborne, outlined a raft of sweeping changes he is proposing to bring in over the coming years.
However, for current pensioners the poor performance of annuities in recent years and the impact of low interest rates on savings income has adversely affected the retirement of many.
Milton Keynes Older Persons’ Forum is organising a meeting next week to address these concerns. The meeting will also discuss benefits that are available to older people that can make a significant difference to their weekly household income and their quality of life. Last year Age UK Milton Keynes advisers identified £1.5m in benefits that would have otherwise gone unclaimed.
Milton Keynes Older Persons’ Champion and Chair of the Older Persons’ Forum, Jan Lloyd said: “This could be the most important meeting anyone in Milton Keynes of pension age – or approaching pension age – might attend this year.
“There are older people in our community that have to choose between heating and eating in the winter but for many if they knew about the benefits they were entitled to they might not be in the situation they find themselves – through no fault of their own.”
The meeting is taking place on Tuesday, April 8, from 2pm to 4pm at Midsummer House in Central Milton Keynes. Guest speaker, who will be addressing pension issues, will be Neil Duncan-Jordan from The National Pensioners Convention. This will be followed by a Question and Answer panel session covering both pensions and benefits. For this Neil will be joined by Kay Pettit, Revenues and Benefits Client Manager at Milton Keynes Council, and John Simmonite and Diane Franklin from Age UK Milton Keynes’ Information and Advice team.